A new project is being planned for 500-530 Morse Street NE, an area just south of Union Market that currently houses parking lots and two commercial buildings. This brand new mixed-use project could end up being 120 feet high with a red brick and pre-finished aluminum facade. If all goes according to plans, the public should expect approximately 19,800 square feet of retail topped by up to 270 residential units.
Amenities will include a below-grade parking garage, a green roof, and a courtyard that will span between roughly 4,200 to 6,800 square feet. With this new development will come public space and streetscape upgrades as well.
There are two options proposed for the development. See what to expect below:
The first option plans for approximately 270 dwellings in 237,357 square feet of space.
8 percent of the project, or 19,666 square feet, will be set aside for affordable housing. 15,733 square feet will be designated for those making 80 percent of the area median income (AMI), while 3,933 square feet will be set aside for those making 50 percent AMI.
Retail will total approximately 19,800 square feet. For parking, there will be between 160 to 245 below-grade spaces with 91 additional bicycle parking spaces.
The second plan is basically the same as the first one, but condensed. The planned height of the building is the same, 120 feet, but rather than housing 270 residential units, there are plans for approximately 207. This results in a total of 169,569 square feet of residential space.
With this cut, the number of affordable housing units will also be lessened. While 8 percent will still be designated for affordable housing, only 11,357 square feet will be for those making 80 AMI, and 2,839 square feet will be set aside for those with 50 AMI.
Retail will also be reduced to roughly 14,400 square feet, while parking will only feature 124 to 189 below-grade spaces with 70 bicycle parking spaces.